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<br />MERICHANTS
<br />PA N
<br />BONDING CO �1
<br />M PAN".
<br />POWER OF ATTORNEY
<br />Know All Persons By These Presents, that MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.,
<br />both being corporations of the State of Iowa (herein collectively called the "Companies") do hereby make, constitute and appoint, individually,
<br />Barbara E Pearson; Debra K Hull; Jennifer L Kasznia; Jordan M Schelber; Mark E Wobbe; Megan E Riesenberg; Nicole L Bicknell; Sandra L Junk;
<br />Theresa M Burns; Wesley L Mantooth; William J Carney III
<br />their true and lawful Attorneys) -in -Fact, to smgn its name as surety(es) and to execute, seal and acknowledge any and all bonds, undertakings,
<br />contracts and other written instruments In the nature thereof, on behalf of the Companies in their business of guaranteeing the fidelity
<br />of persons, guaranteeing the performance of contracts and executing or guaranteeing bonds and undertakings required or permitted In any
<br />actions or proceedings allowed by law.
<br />This Power -of -Attorney is granted and Is signed and sealed by facsimile under and by authority of the following By -Laws adopted by the Board
<br />of Directors of Merchants Bonding Company (Mutual) on April 23, 2011 and amended August 14, 2015 and adopted by the Board of Directors
<br />of Merchants National Bonding, Inc., on October 16, 2015.
<br />"The President, Secretary, Treasurer, or any Assistant Treasurer or any Assistant Secretary or any Vice President shall have power and authority
<br />to appoint Attorneys -in -Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and
<br />undertakings, recognizances, contracts of indemnity and other writings obligatory in the nature thereof."
<br />"The signature of any authorized officer and the seal of the Company may be affixed by facsimile or electronic transmission to any Power of Attorney
<br />or CertificatIon thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligations of the
<br />Company, and such signature, and seal when so used shall have the same force and effect as though manually fixed,"
<br />In connection with obligations in favor of the Florida Department of Transportation only, it is agreed that the power and aut hority hereby given to the
<br />Attorney -in -Fact includes any and all consents for the release of retained percentages and/or final estimates on engineering and construction
<br />contracts required by the State of Florida Department or Transportation. It is fully understood that consenting to the State of Florida Department
<br />of Transportation making payment of the final estimate to the Contractor and/or its assignee, shall not relieve this surety company of any of
<br />its obligations under its bond.
<br />In connection with obligations In favor of the Kentucky Department of Highways only, it is agreed that the power and authority hereby given
<br />to the Attorney -in -Fact cannot be modified or revoked unless prior written personal notice of such Intent has been given to the Commissioner -
<br />Department of Highways of the Commonwealth of Kentucky at least thirty (30) days prior to the modification or revocation.
<br />In Witness Whereof, the Companies have caused this instrument to be signed and sealed this 5th day of April 2017
<br />w'ww11 %0N4 \tArj C
<br />I. MERCHANTS BONDING COMPANY (MUTUAL)
<br />'Fd
<br />0% 4 Q
<br />MERCHAN'lTNATIONAL BONDING, INC.
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<br />2003 4) 1933 By
<br />A;
<br />.......... ks President
<br />STATE OF IOWA
<br />COUNTY OF DALLAS ss.
<br />On, this this 5th day of April 2017 before me appeared Larry Taylor, to me personally known, who being by me duly sworn
<br />did say that he is President of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.: and that the
<br />seals affixed to the foregoing instrument are the Corporate Seals of the Companies; and that the said instrument was signed and sealed in behalf
<br />of the Companies by authority of th Ir respective Boards of Directors. - ALICIA K. GRAB
<br />Commission Number 767430
<br />My Commission Expires
<br />April l,2020
<br />Notary Public
<br />(Expiration of notary's commission
<br />does not invalidate this instrument)
<br />1, William Warner, Jr, Secretary of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC,, do hereby
<br />certify that the above and foregoing is a true and correct copy of the POWER -OF -ATTORNEY executed by said Companies, which is still in full
<br />force and effect and has not been amended or revoked.
<br />In VVitness Whereof, I have hereunto set my hand and affixed the seW of the Companies on this, (`�A
<br />day of
<br />A % 0 N4 If `
<br />-0 4 -
<br />•
<br />-0-
<br />1933
<br />secretary
<br />2003 io
<br />POA 0010 (3/17)
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